Royal visit a boost to Saudi-Spanish ties

Spain is also involved in the $22.5 billion Riyadh Metro project, also called the King Abdulaziz Project for Riyadh Public Transport. The Spanish construction group FCC leads the FAST consortium in the ongoing project.

RIYADH: The three-day visit to Saudi Arabia by Spain’s King Felipe Vl “is a shot in the arm for Saudi-Spanish bilateral trade relations,” said Abdullah Al-Meleihi, a board member of the Council of Saudi Chambers of Commerce and Industry, on Sunday.

Spanish Ambassador Joaquin Perez Villanueva said King Felipe Vl’s visit “is mainly intended to exchange notes on subjects of mutual interest … and drum up support for consolidating economic relations.”

The Spanish king’s delegation comprises a high-level delegation that was expected to meet local business leaders to promote bilateral trade and investment.

“Spain has longstanding … economic relations with the Kingdom, thanks in part to the excellent relationship between former King Juan Carlos and the Saudi royal family,” said Villanueva. More info